VanEck predicts Bitcoin price will reach $53.4 million by 2050 in an optimistic scenario

According to Decrypt, global asset management firm VanEck stated that under more optimistic predictions, by 2050, the price of BTC could reach $53.4 million per coin. During the so-called "Bitcoin Supercycle," Bitcoin will become a key component of global and domestic trade settlements.

The company's base prediction is that the price of Bitcoin will reach $2.9 million; while in a bear market scenario, the price of Bitcoin would only be $130,000.